$LKNCY
Added 2022-12-28 12:34:27 +0000 UTCOne of the Chinese companies that has benefited heavily from the US auditors granted access to Chinese stocks, broke out of the channel and turning bullish.
Targets are as shown.
Comments
Looks like you have spent some considerable time coming to this conclusion and I would leaning on the side of agreeing with you, 80% being the kicker, you have a terrific average too.
Gareth Neary
2023-01-02 12:12:30 +0000 UTCCapt, thank you for your response and perspective. I am thinking about it for a while already and it looks like it's changing my strategy significantly. $lkncy is far too overweighted in my portfolio (about 80% of current value). I always wanted to keep the stock to allow me paying one of my apartments in cash. Realize now that I have break away from this 'romantic thought' (bought lkncy at about 2,5). Looking at risk-reward, it just does not make sense to keep the stock. There are far better opportunities to increase the current value within 2023 while the risk is given that it's going far down. Will follow closely today and tmr and then let it go. Thank you π
Bjoern Szymkowiak
2023-01-02 10:33:13 +0000 UTCSo what we want to see is that this stays above the previous channel (in yellow parallel lines) it may come down to test this channel, if it finds support then we can expect it to continue along our trajectory. If it can not stay above the channel, we would be looking for support between $9-$10
Gareth Neary
2022-12-30 18:22:27 +0000 UTCSorry, one more question about LKNCY. This ist the long term chart and it looks pretty nice. However, I am wondering if there will be short term hickups that I should be aware of resp. consider? I would not ask if it's peanuts but it's my biggest position with >$700k.... Many thanks.
Bjoern Szymkowiak
2022-12-30 14:23:12 +0000 UTCgood call
Gareth Neary
2022-12-28 15:07:55 +0000 UTCLooks like Luckin Coffee is care free for 2023. And with relisting to come, maybe even more room to go. Many thanks.
Bjoern Szymkowiak
2022-12-28 14:48:34 +0000 UTC
